In case you missed these stories:

Lloyds hit by £10bn HBOS losses
Investor confidence in Lloyds Banking Group was shaken further Friday after it warned that the newly acquired HBOS had suffered a £10bn loss in 2008, triggering a share price collapse for the combined bank.

- Credit Suisse must pay $406m auction-rate award
A US arbitrator ordered Credit Suisse to pay STMicroelectronics more than $406m to settle claims it misled the semiconductor company into buying auction-rate securities.

- US stocks end worst week of 2009
Further selling of financials characterised the end of US stocks’ worst week of the year so far on Friday, which was dogged by concerns over the Obama administration’s plans to shore up the stricken banking sector.

This entry was posted by Gwen Robinson on Monday, February 16th, 2009 at 5:01 and is filed under Capital markets. Tagged with credit suisse, Lloyds Banking Group. Edit this entry.